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    Havila secures support from bondholders

    Company News // November 29, 2016

    Havila Shipping looks to have escaped the threat of bankruptcy after it received support from stakeholders for the restructuring plan it has been proposing.

    The company had set a date of 15.00 CET on 28 November to receive support from its stakeholders or opt for bankruptcy after it received a notice of intent to accelerate from its secured lenders.

    The company said it was pleased to announce that it has received support from more than two thirds of outstanding bonds across all of its bond issues and therefore intends to proceed with a summons for bondholders’ meetings, at which it will once again seek approval for the plan.

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